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Strategies & Market Trends : HONG KONG

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To: Tom who wrote (2232)	8/31/1998 1:31:00 PM
From: Ron Bower	Read Replies (1) of 2951

Tom, Just out. biz.yahoo.com IMO - Weakens HKMA actions, helps the hedge funds. Look for another falloff tomorrow as we see increased selling from this plus the fall of the US markets. Implies bank weakness that I don't think is there, but I may be wrong. If they had a A+ and are lowering to A, they're a little late. Sure beats the ratings of others in Asia. Ron

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